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Stock impact report

Should You Buy Nike (NKE) Stock Before March 31? [Yahoo! Finance]

Nike, Inc. (NKE) 
Last nike, inc. earnings: 3/24 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.nike.com/home/default.aspx
Company Research Source: Yahoo! Finance
blue chip stock . But over the past three years, its stock has declined nearly 60% as it disappointed investors with slowing sales and declining margins. Should you buy Nike's stock as a contrarian play ahead of its next earnings report on March 31? Why did Nike's stock crash? Nike, like many of its industry peers, struggled with slowing sales during the pandemic. But after the pandemic passed, its revenue grew at a steady 11% CAGR from fiscal 2020 to fiscal 2023 (which ended in May 2023) as it expanded Nike Direct (its e-commerce marketplace and first-party stores) to reduce its dependence on wholesale retailers. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Image source: Getty Images. But in fiscal 2024, its revenue growth flatlined as declining sales in North America and a strong dollar offset gains i Show less Read more
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